Barnes & Noble Education (NYSE:BNED) Raised to Hold at StockNews.com

Posted by Lauren Steadman on Nov 14th, 2024

StockNews.com upgraded shares of Barnes & Noble Education (NYSE:BNED – Free Report) from a sell rating to a hold rating in a report published on Wednesday morning.

Barnes & Noble Education Stock Down 3.9 %

Barnes & Noble Education stock opened at $9.93 on Wednesday. Barnes & Noble Education has a one year low of $6.05 and a one year high of $226.00. The stock has a fifty day moving average of $10.00 and a 200 day moving average of $14.87. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.42 and a current ratio of 1.23. The stock has a market cap of $270.99 million, a PE ratio of 0.95 and a beta of 2.10.

Barnes & Noble Education (NYSE:BNED – Get Free Report) last released its quarterly earnings results on Tuesday, September 10th. The specialty retailer reported ($3.07) EPS for the quarter. Barnes & Noble Education had a negative net margin of 7.17% and a negative return on equity of 27.68%. The business had revenue of $263.43 million for the quarter.

Institutional Investors Weigh In On Barnes & Noble Education

An institutional investor recently bought a new position in Barnes & Noble Education stock. Virtu Financial LLC bought a new position in Barnes & Noble Education, Inc. (NYSE:BNED – Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 76,733 shares of the specialty retailer’s stock, valued at approximately $56,000. Virtu Financial LLC owned 0.14% of Barnes & Noble Education as of its most recent filing with the SEC. 38.51% of the stock is currently owned by hedge funds and other institutional investors.

Barnes & Noble Education Company Profile

(Get Free Report)

Barnes & Noble Education, Inc operates bookstores for college and university campuses, and K-12 institutions in the United States. It operates through Retail and Wholesale segments. The company sells and rents new and used print textbooks, digital textbooks, and publisher hosted digital courseware through physical and virtual bookstores, as well as directly to students through Textbooks.com.